128 Lee St Utopia, TX 78884
This exceptional 1,628 sq ft commercial property, nestled in the heart of Utopia, TX's historic downtown, presents a unique investment opportunity. Located just off Main Street on a 0.4-acre lot, this early 1900s building boasts undeniable charm, including large windows that flood the interior with natural light, beautiful wood trim, and an antique beveled-glass door. A spacious 7x23 front porch with multiple electrical outlets provides ample outdoor space. The property includes a 7x7 garden shed and a 12x24 workshop, fully insulated, paneled, and air-conditioned. The entire property is fenced for security and privacy. The interior features a well-equipped kitchen with dual sinks, 59 linear feet of countertops, a large butler's pantry boasting extensive shelving, cabinets (33 total in the kitchen and pantry), and a sizable laundry/utility room. The property's previous use as a restaurant highlights its potential for a variety of commercial ventures. The existing kitchen infrastructure is ready for immediate use, making it ideal for a restaurant, brewery, shop, or office space. An RV hookup adds further versatility, making it suitable for a vacation rental. The unrestricted zoning allows for a wide range of possibilities. This property's prime location and numerous features offer an unparalleled opportunity for a savvy investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.